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6035 Tybalt Lane Indianapolis, IN 46254

3 Beds 3 Baths 1,804 sqft Built 1995

INVESTimate

$185,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$194,620  ( +5.20%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1995
  • Price/Sqft : $102.55
  • 9 Days on Market
  • MLS # : 21730471
  • Updated Date : 08/19/2020 at 11:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Indy Metro Ne

Listing Agent's Description

Great Opportunity for Home ownership in Pike Township!! Check out this 3 bedroom 2.5 bath home on a Pond. Entertain in multiple areas with an open concept kitchen open to the living room and a large back deck. Great proximity to Eagle Creek, Northwestway Park, Stainless Steel Appliances, Newer carpet, Neutral Paint throughout. Enjoy a cup of coffee in front of the fireplace.Community Pool and clubhouse. Convenient to Shopping, Restaurants, Interstates Etc

SEE MORE

  • Indianapolis metro has 65.5% labor force participation rate higher than the national rate 62.8%. The participation is expected to grow to 66.2% in 2020 (USMayors.org, 2018)
  • Indianapolis metro contributes to 39.8% of Indiana state economy i.e. Gross State Product (USMayors.org, 2018)
  • Indianapolis metro employment growth is at 1.6% and predicted to grow at 1.8% in 2019 (USMayors.org, 2018)
  • Indiana state (in turn Indianapolis being part of Indiana) ranks 10th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019)
  • Indianapolis metro's economy is worth $149.7 billion in Gross Metro Product and projected to grow to $158.1 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Liberty Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $104k168k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Liberty Creek North

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300Rent in $9211344

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Pike High School High Regular 3,159 161 5

Pike High School

  • Education Level: High
  • # of students: 3,159
  • # of teachers: 161
5
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$683
Property Tax -$290
Property Insurance -$62
HOA -$24
Property Management Fees -$122
CASH FLOW
$179

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 5.20%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,049

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,360

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,285
1$1,2852$1,3603$1,3754$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 6035 Tybalt Lane Indianapolis, 2
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.75
    •  
  • 6007 Polonius Lane Indianapolis, 1
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.76
    •  
  • 6047 Polonius Court Indianapolis, 3
    • 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1993
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.76
    •  
  • 6008 Tybalt Drive Indianapolis, 4
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1995
    property image
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 5938 Tybalt Lane Indianapolis, 5
    • 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 1997
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.81
    •  
PROPERTY LISTING DETAILS
Barbara Whiteside
Keller Williams Indy Metro Ne
BESbswy